ICICI Bank announces 43% rise in consolidated profit to Rs 1,992 crore for the quarter ended September 30, 2011
Mumbai, October 31, 2011:
The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting
held at Mumbai today, approved the audited accounts of the Bank for the
six months ended September 30, 2011.
Performance Review – Quarter ended September 30, 2011
• 43% year-on-year increase in consolidated profit after tax to
Rs 1,992 crore (US$ 407 million) for the quarter ended
September 30, 2011 from Rs 1,395 crore (US$ 285 million) for
the quarter ended September 30, 2010
• 20% year-on-year increase in advances to Rs 233,952 crore
(US$ 47.8 billion) at September 30, 2011
• Current and savings account (CASA) ratio at 42.1% at
September 30, 2011
• Net non-performing asset ratio decreased to 0.80% at
September 30, 2011 from 1.37% at September 30, 2010 and
0.91% at June 30, 2011
• Provisions decreased 50% to Rs 319 crore (US$ 65 million) in
Q2-2012 from Rs 641 crore (US$ 131 million) in Q2-2011.
• Strong capital adequacy ratio of 18.99% and Tier-1 capital
adequacy of 13.14% at September 30, 2011
Profit & loss account
• Consolidated profit after tax of the Bank increased by 47% to Rs 3,658
crore (US$ 747 million) for the six months ended September 30, 2011
(H1-2012) from Rs 2,486 crore (US$ 508 million) for the six months
ended September 30, 2010 (H1-2011).
• Standalone profit after tax increased 25% to Rs 2,835 crore (US$ 579
million) for H1-2012 from Rs 2,262 crore (US$ 462 million) for H1-2011.
• Standalone profit after tax increased 22% to Rs 1,503 crore (US$ 307
million) for Q2-2012 from Rs 1,236 crore (US$ 252 million) for Q2-2011.
• Net interest income increased 14% to Rs 2,506 crore (US$ 512 million)
in Q2-2012 from Rs 2,204 crore (US$ 450 million) in Q2-2011.
• Fee income increased 7% to Rs 1,700 crore (US$ 347 million) in Q2-
2012 from Rs 1,590 crore (US$ 325 million) in Q2-2011.
• Provisions decreased 50% to Rs 319 crore (US$ 65 million) in Q2-2012
from Rs 641 crore (US$ 131 million) in Q2-2011.
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(This is a press release from ICICI Bank)
